BTC
is losing steam, fast Closed bunch of positions as yesterday #BTC showed weakness. This continues today.
The 4Hr is about to bear crossover, something it hasn't done since trading above June 16th.
The 1Hr chart is severely oversold so we could get a small bounce here before we continue to rollover a bit.
What about bitcoin VOLUME?
(Sorry cannot show 1Minute here. Pls see profile for more info)
That
BTC
drop on 6/30 bugged me (outside day) a bit. There was heavy SELLS
BUT
Only decent to so-so BUYS.
However, the conviction that was there this whole ride up is now LACKING.
Just for giggles...
Spot #BTC already breaking down...
But if you want the proper price action, Futures #bitcoin facing support around 30230.